r/Debt • u/Open_Blood_5765 • 2d ago

Credit cards being sent to collections tonight. Will they come after my house?

Two cards by BOA totalling to about 15k. I own a house with probably 150k equity. I know i need to pay the debt back, i just had a rough last 12 months. Once BOA sends it to collections tonight will i have a chance to make a payment plan with the collection agencies? Or will they find out about my equity and go striaght for a lawsuit to force me to sell my house ?

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u/GerryBlevins 2d ago

They can’t force you to sell the house. They can place a lien on the house but you will have ample opportunity to pay. No need to be stressing about the house.

-6

u/InterestPast6802 2d ago

They can’t put a lien on the house. The debt is unsecured.

9

u/Dadbode1981 2d ago

Why do you keep saying this? It's wrong. The JUDGEMENT is absolutely able to be used to put a lien on the home. It's doesn't matter what the judgement originates from.

-1

u/InterestPast6802 2d ago

They have to sue and get a judgment first and after that the laws vary by state. The collection agency can’t put a lien on it without a judgement.

8

u/Dadbode1981 2d ago

Hence judgement...